Larson Financial Group LLC Sells 13,056 Shares of Lam Research Corporation $LRCX

Larson Financial Group LLC cut its stake in Lam Research Corporation (NASDAQ:LRCX) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 98,633 shares of the semiconductor company’s stock after selling 13,056 shares during the period. Larson Financial Group LLC’s holdings in Lam Research were worth $16,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Traphagen Investment Advisors LLC grew its stake in shares of Lam Research by 2.4% in the fourth quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock worth $336,000 after acquiring an additional 46 shares during the period. Field & Main Bank grew its stake in shares of Lam Research by 1.1% in the fourth quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company’s stock worth $790,000 after acquiring an additional 50 shares during the period. Capital Advisors Ltd. LLC grew its stake in shares of Lam Research by 1.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company’s stock worth $795,000 after acquiring an additional 51 shares during the period. Retirement Planning Group LLC grew its stake in shares of Lam Research by 2.9% in the fourth quarter. Retirement Planning Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $314,000 after acquiring an additional 51 shares during the period. Finally, Plancorp LLC grew its stake in shares of Lam Research by 2.1% in the fourth quarter. Plancorp LLC now owns 2,518 shares of the semiconductor company’s stock worth $431,000 after acquiring an additional 51 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Zacks Research lowered shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. KeyCorp reiterated a “sector weight” rating on shares of Lam Research in a research note on Thursday, January 29th. BNP Paribas Exane boosted their target price on shares of Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada boosted their target price on shares of Lam Research from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, New Street Research boosted their target price on shares of Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average price target of $292.97.

Insiders Place Their Bets

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the transaction, the chief financial officer directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the transaction, the insider owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 120,066 shares of company stock worth $27,953,242 over the last three months. 0.31% of the stock is currently owned by company insiders.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $277.96 on Tuesday. The firm has a 50 day moving average of $247.50 and a 200 day moving average of $211.98. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $347.61 billion, a price-to-earnings ratio of 52.45, a price-to-earnings-growth ratio of 2.36 and a beta of 1.81. Lam Research Corporation has a 12-month low of $79.49 and a 12-month high of $302.00.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, research analysts anticipate that Lam Research Corporation will post 5.67 earnings per share for the current year.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.